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🧠BITCOIN CONSOLIDATION AT $50,000 MARK

🧠BITCOIN CONSOLIDATION AT $50,000 MARK

Day: 10 | Time: 14:25:06.000Z Bitcoin is currently experiencing a period of consolidation around $50,000 after a 28% correction from its all-time high. According to the Fear and Greed index, the market is still in panic, presenting an opportunity for investors to buy Bitcoin at discounted prices. A large investor, who now holds 48,429 BTC, purchased 48,500 BTC before the correction and now faces potential losses of over $500 million. This demonstrates that institutional investors are no more skilled than small investors.

Bitcoin: Bull Market Correction Drawdowns: (Source: Glassnode)
Crypto Fear and Greed Index: (Source: Coinglass)
Whale address: (Source: bitinfocharts)